1. (1) Is registered under this chapter;
2. (2) The security or transaction is exempt under this chapter; or
3. (3) It is a federal covered security.

A person may not offer to sell or sell a security in this state unless the security:

History of Section.
P.L. 1990, ch. 460, § 2; P.L. 1997, ch. 69, § 1.